St. Jude Medical to Buy AGA Medical for $1.3 Billion

Medical device company St. Jude Medical (STJ) will buy AGA Medical Holdings Inc (AGAM) for $1.3 billion, or $20.80 per share.

AGA Medical makes devices to treat heart problems through transcatheter treatments, St Jude Medical said today in a statement.

The deal "will create a clear leader in the structural heart market, making St. Jude Medical the only company with programs across all major categories," the statement said.

AGA Medical had sales of about $199 million in 2009. The deal should close by the end of 2010.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum